1. Blockchain-related projects
Cardano’s second-layer expansion technology, “Hydra,” has undergone significant upgrades. This upgrade has enabled advanced performance and API capabilities, leading to the release of the new version 0.12.0. Founder Charles Hoskinson also expressed satisfaction with the achievements of “Hydra,” emphasizing the accelerated evolution of Cardano. This evolution appears to be bringing substantial benefits to the entire ecosystem.
2. Ripple SEC Lawsuit News
In the legal case where the SEC claimed that Ripple’s cryptocurrency XRP is a security, the SEC is arguing that the court’s decision stating XRP is not a security is inappropriate. Lawyers have pointed out that the SEC’s claim of XRP’s value dependence on Ripple being insufficient evidence to consider it a part of securities. Contradictions are also evident in the SEC’s arguments, causing widespread confusion. This ongoing event has yet to show signs of resolution.
3. ADA Market Analysis
Examining the ADA/USDT 1-hour chart reveals an ongoing idea for a short position, targeting the range from 21.93 to 23.02. The current trend continues to be downward, with a tracking of a 5-wave structure. In this structure, it’s stipulated that Wave 4 must not exceed Wave 1, with 28.22 cents as the invalidation line. While the future price movement is under scrutiny, at present, there is a high possibility of the 5th wave being a downward movement. If the price continues to rise, it’s expected that the declining 5th wave would also be lower.
Quoted URL
https://www.youtube.com/watch?v=wyQobwKTMaI
https://www.youtube.com/watch?v=syZ-VXYZxeg&t=226s
https://www.youtube.com/watch?v=BWOjZW9pn9E
